# UPSC 2017: Comprehensive News Analysis - June 07

TABLE OF CONTENT

A. GS1 Related
GEOGRAPHY
1. IMD predicts more rain this monsoon
B. GS2 Related
POLITY
1. As July 1 nears, GST interface not ready
2. Child-friendly HIV drug gets govt. nod
C. GS3 Related
ECONOMY
1. Centre notifies rules on capital gains tax
D. GS4 Related
E. Concepts-in-News: Related Concepts to Revise/Learn
F. Bills/Acts/Schemes/Orgs in News
G. Practice Questions for UPSC Prelims Exam

UPSC Current Affairs 2017: News Analysis

A. GS1 Related

1. IMD predicts more rain this monsoon

In News:

• Indian Meteorological Department prediction of rain this year: ‘normal’ and around 98% of the Long Period Average (LPA).
• Rains in July and August, the most important monsoon months for the kharif crops, would be 96% and 99% respectively.

El Nino is weaker than anticipated:

• The El Nino — characterised by surface waters of the equatorial Pacific warming up by more than half a degree — is known to dry up monsoon rain every six out of 10 years.
• A positive Indian Ocean Dipole (IOD) is said to buffer the impact of El Nino and contribute to better rains. (The IOD is a swing in surface temperatures that turns the western Indian Ocean alternately warmer and then colder than the eastern part of the ocean.)

New model: dynamical model

• In April, the IMD shifted to using a new monsoon forecast system, called a dynamical model that works by supercomputers simulating the weather and extrapolating it.

Private weather forecaster Skymet:

• Below normal forecast at 95% (with an error margin of +/-5%) of the LPA.
• Rainfall for July stood at 94%, while for August it was 93% of the historical average.

B. GS2 Related

1. As July 1 nears, GST interface not ready

Context: Government bid to roll out the GST regime from July 1

In news:

• GST Suvidha Providers (GSPs): who are expected to help taxpayers cope with the transition to the new regime and its compliance paperwork.
• GSPs may only be operationally ready a few months down the line, so it is difficult to meet the target of July 1.
• Convenient methods: Under the GST regime, the GSPs are expected to provide convenient methods to taxpayers to access and upload their documents and returns onto the GST Network (GSTN), the information technology backbone of the new indirect tax regime.

2. Child-friendly HIV drug gets govt. nod

In news:

• The Central Drugs Standard Control Organisation (CDSCO) has registered the child-friendly HIV drug in oral pellet form (lopinavir/ritonavir (LPV/r)).
• The pellets, which come in capsules and are dosed by weight, can be sprinkled (but not stirred or crushed) over a small amount of soft food. For infants — who must be able to swallow them — the pellets can be added to a spoonful of breast milk or put on the infant’s tongue.

Paediatric HIV a ‘neglected disease’:

• Lack of child-friendly HIV formulations.
• Large treatment gap between adults and children.
• Oral pellet form is a boon to HIV community since National AIDS Control Programme (NACO), had been struggling to source quality assured paediatric formulations of the drug.
• India ran out of Lopinavir syrup, a child-friendly HIV drug, in March after Cipla — the sole manufacturer of the drug — stopped production consequent to non-payment by the Health Ministry. The drug’s adult version has to be swallowed whole and thus cannot be administered to infants and young children.

C. GS3 Related

1. Centre notifies rules on capital gains tax

In news:

• The Central Board of Direct Taxes (CBDT) has come out with a final notification specifying the securities transactions that would attract capital gains tax where the securities transaction tax (STT) hasn’t been paid.
• An amendment has been made in the Finance Act 2017 to curb the declaration of unaccounted income as exempt long-term capital gains under the previous provisions of the Income Tax Act by entering into fake transactions.
• According to the notification, the chargeability to STT provision will not apply to all transactions of acquisitions of equity shares entered into on or after October 1, 2004, except the acquisition of listed shares in a preferential issue of a company whose shares are not frequently traded in a recognised stock exchange, the acquisition of existing listed equity shares in a company not through a recognised stock exchange of India, and the acquisition of shares of a company while it is de-listed.

D. GS4 Related

Nothing here for Today!!!

E. Concepts-in-News: Related Concepts to Revise/Learn

Prelims worthy factual information
• Arundhati Roy became the first Indian Woman to win the Booker Prize in the year 1997 for her work: The God of small things.
• Rutland Island:  The country’s long-range missile test facility at South Andamans’ Rutland Island has finally secured the clearance of the National Board of Wildlife, which has been held up since 2012.

F. Bills/Acts/Schemes/Orgs in News

G. Practice Questions for UPSC Prelims Exam
Question 1: Which state government has recently declared Dailong village as biodiversity
heritage site of the state?
2. Mizoram
3. Tripura
4. Manipur
See
Question 2: For removal of a Governor from office, the President seeks advice from _____.
1. Council of Ministers
2. Supreme Court
3. Chief Minister of the concerned state
4. None of them
See

Question 3: If you travel through the Himalayas, you are likely to see which of the following
plants naturally growing there?
1. Oak
2. Rhododendron
3. Sandalwood

Select the correct answer using the code given below.

1. 1 and 2 only
2. 3 only
3. 1 and 3 only
4. 1, 2 and 3
See
Question 4: Satipati Sampradaya is a tribal community of ________.
2. Gujarat
3. Karnataka
4. Odisha
See
Question 5: Lichens, which are capable of initiating ecological succession even on a bare rock,
are actually a symbiotic association of ________.
1. algae and bacteria
2. algae and fungi
3. bacteria and fungi
4. fungi and mosses
See